Nedbank-owned properties (NOPs) - when our house becomes your home
What is a Nedbank-owned property?
A Nedbank-owned property offers you great benefits - such as huge savings. A Nedbank-owned property is a property that was bought at a public auction, usually to recover the outstanding debt on a home loan account. There are no transfer duties to be paid, which means that you're already making a huge saving. Nedbank also pays all outstanding rates and taxes on the property. So while we never cut corners, we're always cutting your costs.
Rates and taxes – including all arrear amounts – will be paid by Nedbank up to the date of registration or the date of occupation. So, if there are any rates or taxes outstanding when you purchase your Nedbank-owned property, we'll take care of them for you.
Purchasing a Nedbank-owned property is simple, and there's really just one important document you have to remember, and that's the Nedbank Offer to Purchase. If you don't already have one, you can download it right HERE ( * * * )
You only pay the attorney's registration and transfer costs. There are no hidden costs to be concerned about. What you see is what you get – after all, Nedbank is committed to Making Things Happen.
To check the availability of a Nedbank-owned property, contact our expert team at the Nedbank Contact Centre, on 0860 911 007. In the unlikely case that the property of your dreams has been snapped up, we'll help you find a new one.
Nedbank does not guarantee vacant occupation. As the buyer, you will have to make your own occupation arrangements once all the relevant fees have been paid and the water and electricity accounts have been transferred into your own name.
All Nedbank-owned properties are sold 'voetstoots', meaning 'as is'. Therefore, any alterations that you'd like to consider after purchase will not be covered by Nedbank and will be for your own account. While we offer you superb quality homes, we cannot take any responsibility for any defects that are noticed after purchase.
Nedbank's top panel of conveyancers will take care of the transfer, so there's no need to worry. Our teammembers are highly trained to wrap up the purchase and transfer of your home with precision.
At Nedbank, we pride ourselves on finding your perfect home. We'll go to any lengths to make sure that you're sure before you purchase a home. In the case of a guarded property, you will need to secure an appointment with the specific property management company prior to viewing the property.
Nedbank Limited Reg No 1951/000009/06, VAT Reg No 4320116074, 135 Rivonia Road, Sandown, Sandton, 2196, South Africa. We subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. We are an authorised financial services provider. We are a registered credit provider in terms of the National Credit Act (NCR Reg No NCRCP16).
